tv Going Underground RT January 13, 2018 4:30am-5:01am EST
enemy or unhelpful regimes around the world use of the word regimes we would say governments and of course north korea is and has long been on that list and so the only way that it can prevent an attack from the united states from its perception or from its perspective is of course to go the opposite way of these other successful countries and actually not just my time is to be undoing but actually acquire and refine them with the previous speaker who says that actually now north korea has arrived at that situation it has arrived at a point which is now almost certainly it's too late for the united states to take military action from the charge of our old charlie or i think really interesting if you look at the history of the ups and downs in the goshi ations here i mean it's or it's kind of a golden bluff nobody really wants to test it at this point right now ok and i think that's really quite interesting i mean i am not a technical expert in these things here when they tell me this is an i.c.b.m. or maybe it's just an intermediate missile with extra fuel i mean i remain agnostic
about these things i don't believe the intelligence services and i don't believe north korea ok but i do believe in bluff. but do you think they're going to sort of in washington before the break. i completely agree with you on that point. he is deterrent is not completely in place but he seems to be sufficiently adequately confident and comfortable in this regard and there is some element of bluffing because we do need to know that he does need some additional testing to to refine that if the parent but that he hasn't played sufficient for him to book deter the u.s. for him and him for him to feel confident to reengage in a diplomatic process i think he has actually been waiting to see where the trumpet ministration was going when trump was president elect he saw trump to be going more in a hawkish and oppression maximum pressure direction he felt he needed to have the deterrent . he's got that deterred he's now willing to open conversations and so i think
there's something fairly pragmatic not just for teachers were fairly pragmatic about his approach you know michael right before we go to the break hasn't his back and forth of the great korean leader interim just highlighted the significance of north korea way out of proportion because i think it has go ahead michael well it showed that the small guy can they the david can still beat the guy. happened here is that he's outsmarted the u.s. and and the u.s. is left hanging dangling and he hold he retains his nuclear weapons and at the same time he makes nice with with the south which is fine and brings a little more calm to the situation the problem that i see in emerging within the trump administration is that some neo cons want to bloody do a bloody nose approach yet and hit a. target just to show him that they mean business that could just absolutely
ok i'm going to jump in here and on that note gentlemen i jump in here we're going to go to a short break and after a short break we'll continue our discussion on the korean peninsula state with our team. welcome back across the uk where all things considered on people about to mind you discussing the korean peninsula.
ok we left the first part of the program with michael talking about the possibility of a mistake and i think that's the that's one area here that is the what is the known unknowns if i could quote a famous former secretary of defense i think you work for him how michael but. yeah yeah yeah. charles. you know there's not a lot of discussion in the mainstream or hardly use of a zero is the the russian chinese plan of a freeze for freeze freezing the program for freezing of the exercises and if we go back i think it was the penultimate round of sanctions against north korea it was televised i watched the whole thing i saw the western nations the you know again the sanctimonious nonsense. but then the chinese in the russians put out a plan and it was actually quite lengthy it was quite detailed and and it's still on the table and that is the way forward and that that table the u.s.
can still sit if it so wishes go ahead charles. he has very interesting you mention this is the if you like the geo political backdrop to it because that is also on the show we say the micro level of the tactical level exactly what has caused this breakthrough if indeed it turns out to be that to take place the only reason why these talks have been able to take place in the first place is simply because south korea agreed to pressure the u.s. to postpone the big military exercises that were planned until after the olympics take place on the basis of those exercises being postponed and the north has made it quite clear about this those talks then take place so it's of course that's ironic in a way because of course the u.s. has constantly stated the aim of those exercises isn't to threaten the north korea and elsewhere but it is to reassure the south and yet it's the south that has gone
to america and said listen let's actually stop these excise or at least put a hold on them and perhaps we can make some progress here and i made this comment earlier this week that you've got a situation where as in korea now it would appear as so many other places around the world you can comes to mind to some degree syria and so on that when you've got the u.s. and its policies being placed to one side in these different theaters of potential conflict then that allows local players to actually exactly gather and talk and knowing what i sense is this interest in its policies and actually solving problems or only starting on the road to solving problems themselves it's sort of i think it kind of follow up with what charles was saying there is that the dilemma that the u.s. faces is it's very entangled in alliances because i think all of us on this program would agree that this overture is worth exploring the u.s. should sit down at the table and talk about real security issues where everyone
needs to feel safe but then you know that the japanese or the recent. are you going to walk away from your commitments that you're changing your mind see this is the nightmare that the u.s. has with all of its alliances because it makes one false step then the entire region is going to take a lesson from that and maybe it will be a lesson that the u.s. wants them to because the u.s. obviously does not want to look weak in the pacific go ahead and washington. you know you you've you've you've spoken on a really important subject you know this issue of either being in entrapment or abandonment issues where allies feel either being entrapped that they're being abandoned and then it creates various their limits but let me out here throw out a proposal which is a little bit off the charts ok to deal with this situation on the korean peninsula you know i think one of the important things that needs to be done is a little bit of disarray in tangle ng off the korea u.s.
alliance within the context of the united nations command south korea is capable of carrying fighting and defeating of course not korea by conventional means of course if south korea just was able to take care of that responsibility it would also find that it has a greater autonomy in its political and diplomatic decision making with regard to north korea what it does depend on with regard to the u.s. is the extended to turn the strategic deterrent that has to remain in place and that needs to be credible but if we can't have a little bit more separation between within the warfighting in the aspect between south korea and the united states and south korea takes the lead on that perhaps they might also become a little bit more brave on the diplomatic front and drag america a little bit more towards more diplomatic means of tackling these situations then just purely military means another emphasis seems to be michael particularly since
american public opinion research major poll that came out is that the the america. and public is reduced by a very sizable majority frowning on all these foreign adventures and intra entrapping alliances here but i mean the one of the interesting things is that in the west they don't think about or talk about is that there's always been on the agenda of unification of the peninsula of course the issue is under whose terms ok because the chinese well they certainly don't want to see it under seoul's auspices and of course the united states is i want to see it under the north korea what they called quote unquote the regime here again i think the region has to give more agency to the koreans to find out what they want to accomplish where they want to go because the south koreans have been brigaded that responsibility for free defense but i would say having all those american troops there makes the place far more dangerous and the u.s. is way long overstayed its need to be there in south korea go ahead michael.
well i think that's part of the dilemma for the united states now and on the one hand a green welly i love this let's proceed with talks but on the other hand how does this in the long term affect our relationship because you have to take into account the united states need to take into account then what is strategic relationship will be toward japan as you pointed out earlier and toward the south because we do have existing alliances with south korea i think that the the reality is the united states is unless it takes some preemptive effort which is going to knock everything out it needs to allow the koreans to figure out their own destiny on the one hand we have to accept the fact that north korea now has nuclear weapons it's like except in whether india or pakistan has nuclear weapons or israel our influence over that was zero or even israel you know israel as you know we they they deny that they haven't but they've got a lot of four hundred units of them and it's really well you know michael.
my my my for well let me let me go ahead my my proposal is it's always been my proposals always been the united states needs need needs diplomatically to go and challenge north korea by offering an ultimate only diplomatic relations lesson the lesson the sanctions accept their existence and and accept the reality and that they're there and let the two koreas figure out their own destiny ok michael one more thing i'll go to charles here they're going to have to accept that north korea is a nuclear power because just as you said a country that is determined to get those weapons does it ok and there's not much you can do beyond obliterating it we have india we have pakistan we have israel south africa decided to give up you know ukraine gave away their weapons through negotiations but you know north korea as charles you started out with the program they've learned the lessons of regime change so part of the list that into the
numerate what michael said is to recognize them as a nuclear power state nuclear weapons state ok that's going to be very tough for a lot of people to swallow but i think it's almost an inevitability and then when you have a unification of maybe a south korean peninsula maybe those weapons go away too it's a long long process charles go ahead. that's right and this is all tied into it in our ancient concepts of course of deterrence. destruction and all that now the as things currently stand in for the forseeable future the fact is that north korea does not pose a threat to the united states even if it develops a capability to have a couple of nuclear weapons on board quite unsophisticated i.c.b.m. systems that doesn't pose an existential threat to the us whereas of course the use of those weapons would very much pose an existential threat to north korea the problem is is that of course america has got other interests in south korea that are beyond simply ensuring peace on the peninsula that for example it's we talked
about its military facilities earlier there is also a dispute of sorts going on between the south korean government and we're talking about diplomatic. over that deployment of anti-ballistic missile systems there and especially the radars that the americans are deploying which of course are important perhaps not so much for the south korean security but for spying on china that certainly china's fears and so that's quite it's quite a complex situation in respect of the strategic picture. other countries such as japan it's understandable that they from their perspective see korea a threat with these weapons and therefore that threat needs to be mitigated but the question is how and what is the best way of doing that and it would seem to be the case that with the progress we've made so far in terms of these talks starting in early the beginning is there in many talking about sport but it may go to other issues and hopefully it will that actually when you take the pressure off and
reduce the rhetoric and deescalate then progress can be made in the canceling or the postponement of these exercises which north korea sees as a threat to its existence is a start for that process ok i'm going to go back to michael gives you a real expert one of my experts on donald trump and i'm going to get a silly idea i was i mean it's like put. up to five going to put up the flag and i want to see if you want to salute this is a golden opportunity for for trump to prove his critics wrong you know think out of the box be decisive you know put up or shut up you know i mean this it's in the cards he could pull this off if he wanted to ok but does he have the guts or does he have the strength or is he just him did i this is a real serious question go ahead michael. well i think he's being hammered in by the neo cons who want to two. who are who are committed to regime change to to nation building and i think trump needs to go back to his original promise to
you during the campaign that he wouldn't do either one of those things and yet he's doing them today or attempting to or he's under pressure from a lot of the near constant in order for that that they can remain relevant in this town i think that he needs to. if he's going to look inward into the u.s. to rebuild infrastructure yes foreign policy in effect should become his domestic policy and i think that that that is where he needs to go and he needs to let the koreas work things out he's got to recognize that that if he takes. military action anywhere it's going to cost tremendous amounts and he's he's always thinking in dollar in terms of dollars so i think that that's going to be a major well you know out of the race i get it also means influence influence throughout the region it what do it what is the it going to mean and i want and i want him to think about his legacy a peaceful legacy that's all the time we have gentlemen many things of i guess in washington and in london and thanks to our viewers for watching us here or to see
you next time and remember. in two thousand and sixteen the panama papers show the world with a tax haven the secrets two trillion united states dollars pass through most of conseco in the amount of time that we panama papers exposure that's what it shows. money it really is. journalism it's an act of journalism looking at things that people want to keep secret and asking why would they want to keep these things secret. millions of most like from documents were examining.
all the people we basically have tried to get an advantage out of this sort of. newspaper. and probably other politician which was the other politician the media would point to find targets such as the kings of morocco in saudi arabia the president of argentina several prime ministers. and russian president vladimir putin of course. think oh i've had so i have sued so many newspapers for defamation some things don't just happen by chance it was very striking there were no more americans and specially a lot of people from the brics countries specially brazil russia and china that this special project reveals what was missed in the media coverage. of the panama
mad mad world out there everybody's getting on the chain the block chain they're issuing their own coins we've seen kodak coin we see the long island iced tea we're going to have a blotchy in the shares we're not everybody's getting out on that and everybody is talking about that craziness but you know this is the entire world is crazy because mad markets s. and p. has already surpassed year and price targets with only eight days to twenty eighteen here's a chart this little dotted line down here was where the market started the year and this line here is where most analysts predicted the s. and p. five hundred would be at the end of the year but it already hit that with an eight days the markets are mad at. it well you know if the cost of money is there then markets can go to infinity that's the way
it works now i hear there's a rumor out there that the chinese are going to stop buying u.s. treasury debt that's been our rumor for hundreds of years that hundreds of years but it's been a rumor for at least ten years and of course there is the. understanding that china and america as a symbiotic relationship where china sends over all the cheap goods and they buy all the bonds and this goes on in perpetuity but you know there's a lot of tension now between these two superpowers and china has in fact curtailed their bond purchases which would mean that the cost of money goes up because a bond market goes down interest rates go up despite what the federal reserve bank does they can only control the very shortest term on the yield curve they can really control the middle of the long term so if china dumps u.s.
treasury bonds and interest rates start going up then there is something called cost for money for the first time in ten years so apple would not buy back its own stock it would be too costly and we're going to get into apple buying back its own stock in these next headlines but first i want to talk about the fact that there's switzerland we need to talk about switzerland this is a little small country and i'm going to compare it to the fact that here i mentioned at the top of the show kodak coin kodak coin is one hundred something year old company it used to produce you know film for video and for like you take a little snapshot on your vacations and you would take the little roll of kodak film to your you know the print shop and have it printed a few weeks later now their shares have soared over doubling after they announced they're going to come out with their own cryptocurrency so in a market right now it seems first mover to announce that they're
a block chain or they have a crypto coin is soaring they're benefiting from it it shows that people have an appetite for investment in anything related to crypto now switzerland you and i have talked about them since two thousand and eight since the financial crisis when they were basically their currency the swiss franc is treated kind. as a commodity everybody pours into it during bad times their the value of their cool their crypt their coin their coin their currency the swiss writes the swiss franc soars so member we've discussed the fact that they started printing swiss francs and buying shares in companies around the world we said this was insane but they were the first mover there small country and they can do this and they have benefited big time as the first mover to go full insane well switzerland central bank made fifty five billion dollars last year more than apple's profits
switzerland got a lot wealthier in twenty seventeen thanks to a central bank's emergence as a major money manager with a near eight hundred billion dollars portfolio of foreign stocks and bonds so they announced that they had fifty four billion swiss francs and profit which is about fifty five billion dollars they just print the money and buy shares and these international companies and they made more than apple so apple has to actually go through the whole process of hiring engineers and technicians and designers and producing phones and coming out with phones and doing all this stuff but here is the swiss national bank could be more powerful than apple just printing out money and yeah but it's a repudiation of the entire concept of a central bank a central bank as opposed to there's a lender of last resort or to provide liquidity in case there's a credit freeze the fact that you have such a banks becoming the buyer of first order and that they're printing money to buy stocks is a complete inversion of what their role is supposed to be in the economy and they
become a giant hedge fund and they again are matter utilize or maximizing or benefiting from the fact that their cost of printing their wampum their funny money their fee at nonsense is era oh and they're buying real assets with those zero with that zero cost money and that is a nerve on a like situation that. it is not going to last forever because there are going to be geo political tensions whether it's china blowing up and saying you know we're not going to buy u.s. treasuries anymore interest rates cannot remain at zero ever yet but again first of all i'm saying that kodak coing for example kodak is not something that you and i being having been in the bitcoin industry for the past seven eight years when it was only two dollars a coin you wouldn't have thought of kodak as a thought leader or innovator in the crypto space and yet they were the first mover and one of the first publicly listed movers into the space and they've benefited.
the swiss national bank in a market of other global central banks saw all those bigger central banks the u.s. federal reserve the bank of japan their european central bank going crazy lowering interest rates driving costs down and they as a smaller country a little tiny entity of just a few million people compared to three hundred and something million people under the e.c.b. three hundred million people into the u.s. federal reserve went got a first mover advantage whether or not the u.s. central bank whether or not the european central bank will be able to buy shares in apple as swiss the swiss national bank has done swiss national bank owns millions of dollars worth of shares of apple by the way that's part of their portfolio so whether or not the u.s. government could do that without causing hyperinflation i don't think that they could do it like the swiss national bank has done and all of these mad markets whether it's kodak coin or the s. and p. five hundred already hitting near and estimates in the first eight days you know
this could be the sort of spiral the vortex the craziness that you know these eight years ago or nine years ago was set in ten years ago back in two thousand and eight when they central bank started going insane is this is finally they're finally getting the inflation that they want but i don't know whether or not it will be out of control well you do have some pressure on the u.s. dollar world reserve currency is trending down if you see that break ninety on the index you know they're going to have a freefall which would be a catastrophic event but look the swiss national bank you know you have to compare them to let's say nestle corp nestle corp will buy a reservoir of water a public utility of water from the public domain for nothing and then they'll sell in bottles for a markup and they'll claim their business genius men even though they're basically just stole of the public's utility the public's. ok the public is like deranged by
it the public is also now like clamoring to get. raw water from a company and california raw water means it's not treated or they go like this and take it out of the river and give it to you and there are all sorts of bugs and viruses and bacteria in their water people want authentic disease an organic authentic disease a set of virtual cyber diseases yaz the mind by what they're actually they want to have authentic gastro intestinal problems that are real you know the fact that the new york times even covered this story of people buying raw water for like twenty dollars a gallon sent people clamoring to get their hands on any supply left so now it's like sixty dollars a gallon people want it even though the new york times said look at these imbeciles who are buy raw water and everybody's like i want to be the figure of the soul of all so you know there's always a bigger fool at the table apparently but speaking of crazy and this is something
you kind of predicted a long time ago and speaking of you know swiss national bank earned more profit than apple well apple to take twenty five percent stake in apple incorporated apple could buy back twenty five percent of its stock over the next three years as it brings home for in cash according to a new analysis from u.b.s. analyst steve in milan of it he reports this to barron's that buying is likely to provide support for shares as i phone unit growth slows and services and other businesses play a more important role so yeah right addicted this well yeah i mean they're buying back their own stock what they've got that job hundred fifty billion or so overseas that should have been taxed as income at some point but instead it was not taxed at all now they're getting a sweetheart deal for the trumpet ministration to bring that money back late is it to is going to create infrastructure create factories create jobs going to buy back their own stocks and rich in shareholders a siders and executives again
a massive ponzi scheme called apple computer apple computer. as a ponzi scheme berkshire hathaway one of their biggest shareholders that's a ponzi scheme the stock market's upon this game the bond market is certainly a ponzi scheme the us dollar is the mother of all these games but coin is the only thing that's not a ponzi scheme again so the tax cuts. makes it more advantageous to book these profits over here in the united states bring this two hundred fifty six billion dollars from overseas to here but they're also predicting in this report in barron's about apple buying twenty five percent of his company so it's going to be like twenty five percent shareholder they're going to be the most serious companies are taking themselves private asked that's taking themselves partially private if you give these corporations free money to buy back their own stock at no cost if you allow jeff bezos to buy whole foods without any cost to him whatsoever it's a creative it goes on the bottom line the day one it's zero cost is just wrapping up the well that is when i say like swiss national bank has zero cost to print
swiss francs because especially this no longer the world is going on really it's no longer put on paper a little to do to listen they hear they're saying that apple's going to spend an additional one hundred seventy three billion on top of the already you know several billion that they were doing on share buybacks so most of it's going to be front loaded into this year basically they're doing like brown's bottom gordon brown when he sold all the u.k.'s gold announced it to the world we're going to sell our gold drove the price down got the guarantee lowest price for the united kingdom here apple's guaranteeing the highest price ever paid for apple to buy these hundred seventy three billion dollars worth of shares they're saying that this is going to be front loaded into twenty eighteen most of the share buying will happen this year and those of us who are not participating in this game called central bank apple computer warren buffett trifecta of fraud are going to be put out on to the surf slave sensation waves yeah we're going to be surfing.